Transportation Logistics Company eShipping Announced Two Acquisitions

Posted February 29, 2024 Parkville-based transportation logistics company eShipping LLC announced it has acquired two logistics companies from Wisconsin and New York. EShipping acquired Wisconsin-based Superior Transport & Logistics and New York-based Synapsum to provide more custom data, insights and… more

Platform Ventures Unit Buys Second TX Facility, Expands in Dallas-Fort Worth Market

Posted February 26, 2024 Kansas City-based Platform Ventures announced its South Dakota unit Vertical Cold Storage has purchased a new facility in Burleson, Texas to improve the company’s storage capacity for its customers. Dakota Dunes-based Vertical Cole Storage develops and… more

Logistics Firm Americold to Build $127M KC Facility, Creating 187 Jobs

Posted February 22, 2024 Temperature-controlled logistics company Americold announced it will be investing $127 million to build its first facility in Kansas City to establish better connections to key U.S. and Mexico markets. The facility is part of a strategic… more

Tallgrass Energy Partners Parent Announces $400M Private Placement

Posted February 22, 2024 Prairie Acquiror LP, which owns Leawood-based Tallgrass Energy Partners, LP, announced it intends to offer $400 million of senior secured notes due in 2029 in a private placement to eligible purchasers. Prairie Acquiror intends to use… more

Compass Minerals Terminates Great Salt Lake Lithium Project, Reports $77M Loss

Posted February 12, 2024 Overland Park-based Compass Minerals International Inc. released its fiscal first-quarter results and announced it will terminate a lithium brine project at the Great Salt Lake. The company determined it is no longer in the best interests… more

Trucking Company XPO Wants to Build 180,000SF Facility in Shawnee

Posted February 12, 2024 Updated 9:47 a.m. February 13, 2024  Connecticut-based XPO, Inc. has proposed plans to create a 180,000-square-foot-plus trucking facility in northwest Shawnee. XPO rezoning approval of approximately 45 acres east of Kansas 7 Highway on the north… more

Yellow Repays $700M CARES Act Loan, Pays Additional $151M in Interest

Posted February 8, 2024 The former Overland Park-based trucking company, Yellow Corp. announced it has repaid the $700 million U.S. Treasury loan through the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Yellow has repaid $700 million in principal, as… more

Wagner Logistics Expands its Portland Market with Food and Beverage Acquisition.

Posted January 4, 2024 North Kansas City-based Wagner Logistics announced its latest acquisition of Fulcrum Logistics, Inc., a warehousing services firm that specializes in food and beverage storage. The deal with Fulcrum will allow Wagner to expand its services in… more

U.S. Economy Faces $117B Mortgage Debt in 2024, Owners Struggle to Refinance

Posted on January 2, 2024 The U.S. is facing more than $100 billion in mortgage debt in 2024 as loans on vacant office buildings and a higher defaulting rate could hurt the economy. About $117 billion is expected to be… more

Bankrupt Yellow Corp. Generates $1.8B at Real Estate Auction

Posted December 12, 2023 Bankrupt trucking company Yellow Corp has sold most of its shipping centers and real estate through a court-approved auction that raised over $1.8 billion for its creditors. The auction was approved by U.S. Bankruptcy Judge Craig… more